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The International Association of Classification Societies (IACS) removed Russia in its membership register

Russia is hit with sanctions from multiple nations. Not only it did not soften the blows inflicted on Ukraine, Russia pressed on with its plans and tossed world trade into pandemonium.

Classification societies join the outcry
The International Association of Classification Societies (IACS) withdrew the membership of the Russian Maritime Register of Shipping’s (RMRS) amid Russia’s conflict with Ukraine. The IACS Council voted to adopt a Resolution withdrawing the membership with immediate effect last Friday. The decision came following “external legal advice” in response to sanctions in the United Kingdom where IACS is based. It said, IACS deeply regrets the circumstances that have resulted in this decision and hopes that hostilities in Ukraine will cease as soon as possible, and that peace will return to the region.”

IACS consists of 11 member marine classification societies representing more than 90 per cent of the world’s cargo carrying tonnage. The classification societies include American Bureau of Shipping (ABS), Bureau Veritas (BV), Croatian Register of Shipping (CRS), China Classification Society (CCS), DNV, Indian Register of Shipping (IRClass), Lloyd’s Register (LR), Korean Register of Shipping (KR), ClassNK, Polish Register of Shipping (PRS), and Registro Italiano Navale (RINA).

London-based Lloyd’s Register and Norway’s DNV had previously announced withdrawing class services to Russian entities, so did ABS. This move brought upon massive impact on Russia-flagged vessels. They essentially lost their rights to call on ports or solicit cargoes given some shipping contracts insist that vessels be registered in a nation, and be in class to conduct a commercial deal. With only China and India as main trade partners, would imports continue despite this conundrum?

Marine Online News Team
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